DGAP-News: Aareal Bank AG / Key word(s): Acquisition Aareal Bank Group completes acquisition of Corealcredit Bank AG (news with additional features) 31.03.2014 / 18:01 --------------------------------------------------------------------- Aareal Bank Group completes acquisition of Corealcredit Bank AG Wiesbaden, 31 March 2014 - Aareal Bank Group has completed the acquisition of Corealcredit Bank AG announced on 22 December 2013. The purchase was executed today and will become effective on 31 March 2014. Corealcredit Bank AG is now a legally independent subsidiary under the umbrella of Aareal Bank Group. The preliminary purchase price agreed with the previous owner in the contract of December 2013 amounted to EUR342 million. In accordance with the provisions of the agreement, the purchase price is subject to adjustments, the amount of which will now be calculated as of the closing date of the acquisition. With a view to the integration of Corealcredit Bank AG into Aareal Bank Group, it is planned to agree a control and profit transfer agreement shortly. Dr Wolf Schumacher, Chairman of the Management Board of Aareal Bank AG, stated: "We are pleased to welcome our new subsidiary Corealcredit Bank to Aareal Bank Group. In recent years, Corealcredit Bank has successfully realigned itself, strengthening its focus on its core business of commercial property financing in Germany, and has been operating in the black since 2007. We are taking advantage of this attractive opportunity for inorganic growth and create value for our shareholders right from the start. With this step, we will further enhance our position as commercial property financing provider in Germany." Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Tel.: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian Feldbrügge Tel.: +49 611 348 2280 christian.feldbruegge@aareal-bank.com Heinrich Frömsdorf Tel.: +49 611 348 2061 heinrich.froemsdorf@aareal-bank.com ------------------------------------ Aareal Bank AG, Registered Office: Wiesbaden Commercial Register: Amtsgericht Wiesbaden HRB 13184 Chairman of the Supervisory Board: Marija G. Korsch Management Board: Dr. Wolf Schumacher (Chairman), Dagmar Knopek, Hermann J. Merkens, Thomas Ortmanns End of Corporate News +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=ALFHOKVDKT Document title: Aareal Bank Group completes acquisition of Corealcredit Bank AG --------------------------------------------------------------------- 31.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Aareal Bank AG Paulinenstr.15 65189 Wiesbaden Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: aareal@aareal-bank.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Stockholm End of News DGAP News-Service --------------------------------------------------------------------- 260777 31.03.2014
DGAP-News: Aareal Bank Group completes acquisition of Corealcredit Bank AG (news with additional features)
| Source: EQS Group AG